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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Healthcare: Inevitable or Impossible?

By Megan McArdle
Mar 8 2010, 5:43 PM ET Comment

Jonathan Bernstein says that healthcare can't fail:

At this point, the main basis I have for believing the health care reform bill will pass (here's my latest while I was at the Dish...for perspective, here's Jonathan clubber Chait's view, and here's Nate Silver's take) is that I would be shocked if Barack Obama, Rahm Emanuel, Nancy Pelosi, and Henry Waxman moved things to this stage without knowing they could get the votes. We're talking about some very skilled pols, here.

I can't think of any historical precedent for a failure this large in a House vote -- a major policy with the full support of the president and the majority party leadership that got this close without winning. The two most notable floor defeats that I remember are the first vote on TARP in fall 2008, and the vote (if I recall correctly) on the rule on the Bush deficit reduction package in 1990. In both cases, radical Republicans defected from a bipartisan agreement, in both cases between majority Democrats and a Republican president. And in both cases the policy eventually passed.

Meanwhile, Karlyn Bowman of the American Enterprise Institute takes her own look back at history:

"The public mood is generally sour," Bowman said. "I can't think of any other big piece of legislation that had so much opposition" and later passed, she said.

They're both right!  Where does that leave us?  At a defining moment in American legislative history . . . the Mothra v. Godzilla, irresistable force v. immovable object, rock v. hard place of policymaking.  It can't pass and it can't fail.  Yet it must do one or the other.

All I can say is, pass the popcorn.




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